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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Distribution centers
3681 124th Ave3c Coral Springs, FL 33065-2409
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-3981375
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
CONCRETE
Total area
2,127 SF
Lot
0.05 ac (2,315 SF)
Zoning code
IRD
APN
48-41-18-AC-0100
UPID
US18-3981375
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$760k
Owner & transaction history
Schatzberg Holdings LLC · 5 yrs held
Schatzberg Holdings LLC
since 2020
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
IRD · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+72.8%
Medical building
$745,000
+15.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$650,000
Current use
COMMERCIAL (GENERAL)
$1,120,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$745,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$635,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $800k (Nov 12 2020)
Last sale anchor
$800k
Nov 12 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$357 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,692
Tax year 2023
Assessed value
$325,200
Assessed 2023
Previous assessed
$303,560
+7.1% YoY
Effective rate
2.06%
On assessed value
Assessed land
$32,520
Assessed improvement
$292,680
Land market value
$32,520
Improvement market value
$292,680
Total market value
$325,200
Applied tax rate
2,812.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
2,127 SF
Lot
0.05 ac (2,315 SF)
Zoning code
IRD
APN
48-41-18-AC-0100
UPID
US18-3981375
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IRD · Coral Springs, FL
Zoning IRD · permitted uses
IRD · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$745,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$635,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Schatzberg Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3681 NW 124TH AVE, CORAL SPRINGS, FL 33065-2409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2020
—
Schatzberg Holdings LLC
Affordable Cartridge
Correction Deed
related
—
Nov 3, 2020
$800,000
Pfc Investments LLC
Schatzberg Holdings LLC
Warranty Deed
$640,000 · Tropical Fin'l Cu
Nov 8, 2016
$200,000
Schatzberg Holdings LLC
Affordable Cartridge & Toner
Warranty Deed
related
—
Nov 24, 1998
$255,500
Affordable Cartridge
Mcdavitt,thomas L & Karen M
Grant Deed
$230,000 · Heller First Capital
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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